“Which country based on the human resource would be more successful (such as Japan and South Korea) than the one only relied on natural resources for development,” Dr Tran Du Lich, the main speaker said at an event organized at RMIT Vietnam’s Saigon South campus last month.Dr Nguyen Quang Trung, RMIT Vietnam’s Discipline Lead for the International Business program, speaker and organiser of the event said that there is a need from the strong collaboration of the education and training system to develop the human resources.“In order to create a strong economy by its own human resources, local and international universities operating in Vietnam should have their plans to equip students for the 21stcentury skills and knowledge, as well as insights into business trends in the world,” Dr Trung said.“An international business program should look at developing management skills through real-life business situations and analysis of global business … [Read more...] about What is the solution for an open business environment in Vietnam?
Business environment in vietnam
At a seminar held in the southern province of Binh Duong on October 3, Japanese businesses said they are pleased with Binh Duong’s investment environment, crediting the maintenance of political security with facilitating businesses’ production activities. Some representatives urged the province to strive for an even healthier and more advanced investment environment. They noted that hi-tech sectors and the region’s industrial parks enjoy preferential tax policies for 3-4 years compared to the 8 year longevity of similar Thai initiatives.Representatives from the Japanese Business Association in HCM City said that the variations in preferential policies across provinces are forcing some Japanese investors to reconsider their capital and investment expansion decisions.Other representatives asked Binh Duong to devise an environmental protection roadmap so businesses can actively participate in technology transference that could ultimately assist with reducing … [Read more...] about Japanese businesses keen to improve business environment in Vietnam
The Consultative Group (CG) Meeting for Vietnam opened in Hanoi on December 14 with a focus on discussing the implementation of a plan for socio-economic development in the 2006-2010 period. The focus was on evaluating the business environment for domestic and foreign enterprises, reviewing the working groups’ activities in the past six months and discussing major issues relating to banking, infrastructure and tourism development. Vietnam includes Vietnamese cabinet members and representatives of approximately 50 bilateral and multi-lateral donors. Prior to the CG Meeting, Country Director of the Asian Development Bank (ADB) Ayumi Konishi said that donors are considering the possibility of increasing ODA funding for Vietnam. Vietnam has remarkably increased in recent years, mostly in the form of commitments by foreign investors, not in actual capital. Vietnam ’s admission to the WTO will certainly help draw a … [Read more...] about What do investors think about business environment in Vietnam?
The International Finance Corporation the (IFC) and the World Bank in Vietnam Hanoi on September 6 announced the Doing Business 2007 Report which was implemented from January 1st, 2005 to March 31st, 2006. Doing Business gives an assessment of the ease in doing business in a country based on 10 factors: starting a business, dealing with licenses, employing workers, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts and closing a business Vietnam is among seven economies in East Asia which implemented one or more reforms that has improved the Doing Business indicators in the reported period However, Vietnam remains a difficult place to do business. The country is ranked 104/175 in terms of the ease of doing business. This indicates that Vietnam’s overall progress in regulatory reforms lags behind other countries and more is needed to be done to make Vietnam become more competitive. Vietnam … [Read more...] about Business environment in Vietnam sees significant improvements
During the working visit, Danish businessmen will attend introductions, seminars and other-related activities in Hanoi and HCM City. Each Danish enterprise will visit and work with other potential Vietnamese partners. Danish ambassador Peter Lysholt Hansen said the Danish companies are operating in such fields as mechanics, manufacturing and services and the visit proves that more and more Danish enterprises set sights on the business environment in Vietnam. The visit is part of a Danish Development Aid programme to support business relations with Vietnam. … [Read more...] about Danish companies explore business environment in Vietnam
The Vietnamese Government and the Asian Development Bank (ADB) signed an agreement in Hanoi on January 16 to borrow US$20 million from the latter to finance the second phase of a two-part project called the SME Development Program Cluster, which aims to promote a conducive business environment by adopting market-friendly practices and eliminating policy bias against SMEs. The first phase of the project received a loan of US$60 million in October 2004 and has achieved good results, especially in areas related to the New Enterprise Law. The US$20-million second phase will focus on enhancing the policy and regulatory frameworks for SME development; boosting SMEs’ access to financial and other resources; and improving the regulatory frameworks for industrial and technical standards. L.A … [Read more...] about ADB Aids Business Environment in Vietnam
The Japan External Trade Organisation (JETRO) held a press conference on February 23 to announce the report on investment situations of Japanese businesses operating in Vietnam based on business survey results in Asia and Oceania in 2015. Much hope for investment environment in VietnamMr Atsusuke Kawada, Chief Representative of JETRO Hanoi, said, among 557 Japanese companies surveyed in Vietnam, the number of profit-making companies dropped 3.5 per cent from the previous year to 58.8 per cent. The number of loss-making companies rose 1.3 per cent from the previous year to 26.2 per cent. Notably, 63.9 per cent of Japanese businesses here planned to expand their operations in 2016 to increase revenue. In 2015, many Japanese companies failed to meet expectations but they still pinned high hopes for 2016 as Vietnam joined many free trade agreements (FTAs), especially the Trans-Pacific Partnership (TPP). JETRO President Hiroyuki Ishige affirmed that TPP is providing a … [Read more...] about Focus on Bettering Business Climate in Vietnam and Japan
The European Chamber of Commerce in Vietnam (EuroCham) recently announced the results of the 13th quarterly EuroCham Business Climate Index (BCI) survey for the fourth quarter of 2013 in Vietnam. Companies that participated in the survey are mainly involved in service, trading and manufacturing. According to EuroCham, results of the survey show that business confidence and outlook among European businesses in Vietnam remains unchanged for the third time in the third quarter, stagnating at 50. Legislative changes during 2013 have negatively impacted business operations. 50 percent of respondents found that legislative changes negatively impacted their business because of lack of or inconsistent implementation of legislation while only 7 percent recognised the legislative changes as positive in 2013. Looking forward to 2014, half of the respondents expect legislation to continue to have a negative impact on their business. 89 percent of respondents therefore strongly … [Read more...] about EU Businesses Value Business Environment in Vietnam
The European firms scored 78 on a 100-point scale when they graded the business environment in the Southeast Asian country, an improvement compared to the 75 of the preceding three months.The overall score still expresses a relatively positive perception of the current and future business environment in the market, according to the survey released by EuroCham last Thursday.The BCI is an indicator for economic activity in Vietnam, prepared on the basis of responses from over 700 European firms operating in the country.It provides a regular barometer of the business sentiment among those companies, giving early signals of turning points in economic activity and tracking movements in business confidence over time.EuroCham was established in 1998 and has since grown from 60 members to represent more than 750 European businesses, including many of the world's leading enterprises.When compared with the previous quarter, the number of respondents asserting their current business situation as … [Read more...] about European businesses remain optimistic about business environment in Vietnam: survey
NDO – The recently released Business Climate Index (BCI) for the first quarter of 2017 by the European Chamber of Commerce in Vietnam (EuroCham) has showed European firms’ positive expectations towards business conditions in Vietnam.Accordingly, 67% of European businesses doing business in Vietnam reported that their current business situation was "excellent" or "good", while the number of respondents which described the business situation as "not good" or "very poor" only made up 9% and 3%, respectively.EuroCham Chairman Jens Ruebbert commented that the results of the Q1 business environment survey continue to show positive expectations from members of EuroCham toward Vietnam.European businesses also responded positively about business prospects for the next quarter. Accordingly, 9% of them responded "excellent" and 60% responded optimistically at a moderate level. However, the number of enterprises which responded that expectations were "not good" was still maintained at … [Read more...] about European enterprises optimistic about business prospects in Vietnam